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Condensed Financial Information - Parent Company Only
 12 Months Ended
Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information - Parent Company Only
Condensed Financial Information - Parent Company Only

Condensed Balance Sheets - September 30, 2014 and 2013
(dollars in thousands)
 
2014

 
2013

Assets
 
 
 
Cash and cash equivalents:
 
 
 
Cash and due from financial institutions
$
55

 
$
126

Interest-bearing deposits in banks
440

 
379

      Total cash and cash equivalents
495

 
505

 
 
 
 
Loan receivable from ESOP
2,183

 
2,565

Investment in Bank
80,031

 
86,795

Other assets
124

 
40

Total assets
$
82,833

 
$
89,905

 
 
 
 
Liabilities and shareholders’ equity
 

 
 

Accrued expenses
$
55

 
$
217

Shareholders’ equity
82,778

 
89,688

Total liabilities and shareholders’ equity
$
82,833

 
$
89,905



Condensed Statements of Income - Years Ended September 30, 2014, 2013 and 2012
(dollars in thousands)

 
2014

 
2013

 
2012

Operating income
 
 
 
 
 
Interest on deposits in banks
$
—

 
$
1

 
$
1

Interest on loan receivable from ESOP
206

 
237

 
266

Dividends from bank
13,190

 
3,300

 
—

Total operating income
13,396

 
3,538

 
267

 
 
 
 
 
 
Operating expenses
409

 
455

 
556

 
 
 
 
 
 
Income (loss) before income taxes and equity in undistributed
    income of Bank
12,987

 
3,083

 
(289
)
Benefit for income taxes
(110
)
 
(98
)
 
(98
)
 
 
 
 
 
 
Income (loss) before undistributed income of Bank
13,097

 
3,181

 
(191
)
 
 
 
 
 
 
Equity in undistributed income of Bank (dividends in
    excess of income of Bank)
(7,247
)
 
1,576

 
4,781

 
 
 
 
 
 
Net income
5,850

 
4,757

 
4,590

 
 
 
 
 
 
Preferred stock dividends
(136
)
 
(710
)
 
(832
)
Preferred stock accretion
(70
)
 
(283
)
 
(240
)
Discount on redemption of preferred stock
—

 
255

 
—

 
 
 
 
 
 
Net income to common shareholders
$
5,644

 
$
4,019

 
$
3,518




Condensed Statements of Cash Flows - Years Ended September 30, 2014, 2013 and 2012
(dollars in thousands)
 
2014

 
2013

 
2012

Cash flows from operating activities
 
 
 
 
 
Net income
$
5,850

 
$
4,757

 
$
4,590

  Adjustments to reconcile net income to
    net cash provided by operating activities:
 

 
 

 
 

   (Equity in undistributed income of Bank) dividends in excess
     of income of Bank
7,247

 
(1,576
)
 
(4,781
)
ESOP shares earned, net of tax
264

 
265

 
264

MRDP compensation expense
2

 
39

 
105

Stock option compensation expense
104

 
49

 
15

Stock option tax effect

4

 
—

 
—

Other, net
(247
)
 
(39
)
 
406

Net cash provided by operating activities
13,224

 
3,495

 
599

 
 
 
 
 
 
Cash flows from investing activities
 

 
 

 
 

Investment in Bank
(459
)
 
(344
)
 
(243
)
Principal repayments on loan receivable from Bank
382

 
353

 
322

Net cash provided by (used in) investing activities
(77
)
 
9

 
79

 
 
 
 
 
 
Cash flows from financing activities
 

 
 

 
 

Proceeds from issuance of common stock
23

 
—

 
—

Repurchase of preferred stock
(12,065
)
 
(4,321
)
 
—

Payment of dividends
(1,185
)
 
(1,368
)
 
(2,080
)
ESOP tax effect
64

 
6

 
(65
)
MRDP compensation tax effect
2

 
(8
)
 
(28
)
Stock option excess tax benefit
4

 
—

 
—

Net cash used in financing activities
(13,157
)
 
(5,691
)
 
(2,173
)
 
 
 
 
 
 
Net decrease in cash and cash equivalents
(10
)
 
(2,187
)
 
(1,495
)
 
 
 
 
 
 
Cash and cash equivalents
 

 
 

 
 

Beginning of year
505

 
2,692

 
4,187

End of year
$
495

 
$
505

 
$
2,692